JC030-Belfast-N.Ireland-£225,000-Independent Retail Lighting Business

Belfast - N. Ireland, United Kingdom

JC030-Belfast-N.Ireland-£225,000-Independent Retail Lighting Business

Asking Price:$324,899

Cash Flow:$120,025

Gross Revenue:$389,879

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Established:1986

JC030-Belfast-N.Ireland-£225,000-Independent Retail Lighting Business

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Business Description

High Quality Independent Retail Lighting Business
Ref. JC030
Location : Belfast - N. Ireland
Asking Price : £225,000
This well recognised lighting shop was established over 30 years ago. The family business has built a reputation for supplying traditional and contemporary lighting, including decorative ceiling pendants, table lighting, crystal chandeliers, wall and spot lights and a vast range of lighting accessories plus small occasional furniture.

The business supplies homes and businesses across the UK and Europe. An excellent range of quality stock from various brand names is displayed in the bright modern showroom that is excellently fitted out and also has a computerised till and stocking system in place.

Stock is sourced from a number of various suppliers with whom there is an excellent business relationship. Staff go that extra mile to ensure customers get exactly what they need at the right price, sourcing items if necessary to satisfy customers needs.

The store has excellent all year round trade mainly from referrals and returning customers. Ongoing Government Investment in the area will only enhance the location and trade aspect for the future.

There is huge scope to extend the working hours and invest in more online marketing and popular social media.

Detailed Information

Employees:
3
Facilities:
The store itself has a generous ground floor for the sales showroom area with a highly attractive visual display of the stock shown in the large glass windows of the store. There are substantial storage areas, staff toilets, kitchen and office for administration. The vendor will arrange a new lease for circa £20,000 per annum on a new 5 year lease. Rates are £13,000 per annum.
Competition:
Many customers are welcomed via referral due to excellent word of mouth recommendations. The shop window displays are very advantageous to custom and also attract many customers.
Growth & Expansion:
There is a huge potential for growth via the web site which is currently used as a ‘shop window’ for customers, allowing them to view particular items before coming in to buy. This has been a good source of shop sales Additional promotion of the site through Google and social media from a more internet aware person could take the business forward in a big way. The well designed site is already set up for buying on line and this has good growth potential. Extending the opening hours would also be beneficial for the business.
Support & Training:
The vendors are happy to give support after the sale for an agreed period of time, if required.
Reason for Selling:
This family business the vendors have decided for retirement.

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Reeta Verma

Business Listed By:
Reeta Verma

Turner Butler

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